• The lack of volatility in global markets is leading investors to seek riskier investments with increased rewards. Cryptocurrencies, such as Bitcoin, are being used to feed this increased investor appetite.  Analysts at Deutsche Bank have asserted that there is a correlation between the price of Bitcoin and the volatility index (VIX). The analysts backed up their  argument saying that the first three weeks of 2018 so far show “correlation between Bitcoin and VIX has increased dramatically.”

    Bitcoin’s Wall Street Combo Of Greed and Volatility

    | 2018/01/22 7:30 am
  • Several South Korean exchanges have announced that they will ban foreign residents from trading cryptocurrencies.  Tighter Cryptocurrency Regulations The South Korean government was the cause of major turmoil in the global cryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading across the country. Soon after the news was released, the total cryptocurrency market valuation dropped by almost 50%, causing major financial losses for a lot of traders worldwide. Later, government officials

    South Korean Exchanges Are Barring Foreign Residents from Trading

    | 2018/01/21 3:00 am
  • Acquiescing to its clients’ demands, Goldman Sachs reasserted its interest in joining the cryptocurrency bandwagon, during its last earnings call. Goldman Sachs Clients Want Bitcoin-based Services Clients have been requesting the multi-national finance giant Goldman Sachs to participate in the cryptocurrency trading industry. Marketwatch reports that on the earnings call of December 17, 2018, Chief Financial Officer R. Martin Chavez underscored that the most exciting facet of the current craze is blockchain technology: And so

    Goldman Sachs Reaffirms Interest in Bitcoin and Other Cryptocurrencies

    | 2018/01/19 5:00 pm
  • The crypto space is hot property at the moment even in the wake of recent market slumps. More institutionalized finance exchanges and organizations are looking to provide a wider range of products for their clients and these must now include Bitcoin futures. The latest to join the blockchain train is Morgan Stanley. As the first Bitcoin futures contracts expired and were settled this week, the CBoE hailed them a success and a victory for those

    Morgan Stanley Opens to Bitcoin Futures Contracts

    | 2018/01/19 2:30 am
  • At the end of 2017, signs that Bitcoin was making the jump from a currency used and held only by technology and decentralization enthusiasts to a mainstream asset started to hit the press. The launch of Bitcoin futures on two of the major futures exchanges served up an opportunity for traders and investors that wanted to take a position in the cryptocurrency without having to buy and store bitcoins to do just that and, perhaps unsurprisingly,

    New York Stock Exchange (NYSE) Owner to Launch Bitcoin Data Service

    | 2018/01/18 10:00 pm
  • Crypto markets have been in free fall for most of the week as a result of panic selling on the back of news of further crackdowns in Asia. There could be a number of other catalysts for the declines, including the expiration of the first Bitcoin futures contracts. Launched last month amid some technical problems, the first CBOE Bitcoin XBT contracts have just expired with a settlement price of $10,900, according to reports determined by

    First Bitcoin Futures Expired and Settled

    | 2018/01/18 11:00 am
  • Bitcoin Knowledge host and notorious advocate Trace Meyer has suggested Bitcoin could hit $115,000 in 2018 after its correction ends. Wall Street Money Mountain ‘Lining Up’ The latest in a cluster of buoyant forecasts for the Bitcoin price to surface in recent weeks, Meyer tipped fellow analyst Tone Vays for suggestions on what to expect over the next eleven-and-a-half months. $115,000, despite being a theoretical possibility based on previous behavioral cycles, would be “very overvalued,”

    Trace Mayer: Bitcoin May Hit ‘Significantly Overvalued’ $115k in 2018

    | 2018/01/18 8:30 am
  • In an interview with CNBC earlier Tuesday, former Wells Fargo CEO Richard ‘Dick’ Kovacevich denounced Bitcoin as a pyramid scheme. First, it was economist Robert Schiller calling Bitcoin a “bubble”. Then JP Morgan CEO Jamie Dimon added his pontificating opinion to the mix, labeling it a “fraud.” Now it looks like Wall Street talking heads are doubling down on the stupid. Yesterday, in an interview on CNBC’s Squawk on the Street, former Wells Fargo CEO

    See Dick. See Dick Call Bitcoin a Pyramid Scheme. Wrong, Dick. Wrong.

    | 2018/01/17 11:15 am
  • Metropolitan Bank Holding Corp, believed to be widely used by cryptocurrency companies and investment firms, has reportedly ceased all international wire-based, cryptocurrency-related money transfers. Fortune broke the news that Metropolitan Bank is immediately “ceasing all international crypto-related wire transfers to and from” the bank itself, according to a source that is a customer of the bank. Supposedly, the reason for the shutdown was because the bank could not verify the compliance of international wire transfers

    Metropolitan Bank Halting Cryptocurrency-Related Transfers

    | 2018/01/15 12:00 pm
  • The Oracle of Omaha just doubled down on his Bitcoin predictions, while openly admitting he’s got no idea what he’s talking about. Back in 2014, legendary investor Warren Buffett went on CNBC’s Squawk Box and claimed that Bitcoin was, “a mirage,” warning investors to stay away from bitcoin and, indeed, the cryptocurrency space as a whole. At the time, the digital currency was trading at around $600 per coin. Fast forward a few years (a little

    Warren Buffett Still Won’t Admit He Got It Wrong On Bitcoin

    | 2018/01/10 5:00 pm
  • The advent of cryptocurrencies is triggering the creation of innovative business concepts and new Bitcoin-based financial instruments. Now, Michael Novogratz is starting a merchant bank, to be named Galaxy Digital, which will exclusively serve the cryptocurrency and blockchain space. Merchant Bank Dedicated to Cryptocurrencies to Reshape the Finance World Michael Novogratz, Chairman and Chief Executive Officer of Galaxy Investment Partners, is planning to establish and make public the first merchant bank that will focus on

    Novogratz Will Launch the First Cryptocurrency Merchant Bank

    | 2018/01/10 2:30 pm
  • Digital Currency Group director Meltem Demirors has forecast an “explosion” of buying across cryptocurrency as Wall Street bankers spend their bonuses. ‘A Buying Spree Of Epic Proportions’ January 15 Speaking to Business Insider late last week, Demirors echoed earlier tweets in which he expected a giant influx of cash from traditional investors with “cash a plenty to put into crypto.” “Get ready for an explosion,” she told the publication. Cryptocurrency markets are broadly down this

    Wall Street Bonuses May Spark ‘Crypto Buying Spree of Epic Proportions’

    | 2018/01/09 8:30 am
  • While the rest of Asia scrambles to regulate cryptocurrencies, some remain open and even welcoming of the blockchain boom. An unlikely nation in the region to be convivial to new technology and innovation beyond state control is Thailand, which is currently in the throes of an ever-lengthening military dictatorship and associated power struggles. It was reported in the Bangkok Post this week that the Securities and Exchange Commission (SEC) has said Thailand’s first bitcoin futures

    Bitcoin Futures Speculation Allowed in Thailand

    | 2018/01/09 6:30 am
  • Coinbase will no longer be accepting deposits from Nationwide bank. The move comes due to the bank’s SEPA processing being handled by German bank Commerzbank, who has a new companywide policy of not dealing with money related to Bitcoin. The Coinbase website has announced that they will no longer be accepting deposits from Nationwide Bank. Nationwide’s line on events appears to be that it is their SEPA payment processing, handled by Germany’s Commerzbank who have

    Coinbase Announces They Will No Longer Accept Deposits from Nationwide Bank

    | 2018/01/07 7:00 pm
  • Investments in exchange-traded funds (ETFs) broke all records last year, boasting assets under management of $3.4 trillion USD. In this regard, a Bitcoin-based ETF managed by ARK Investment Management LLC became the best-performing ETF of 2017, delivering gains of over 87 percent. In parallel, more investment institutions are rushing petitions to the U.S. Securities and Exchange Commission (SEC) to launch Bitcoin-based ETFs. Investing in Bitcoin and Disruptive Technologies Was Profitable in 2017 Fourth Industrial Revolution

    2017’s Best-Performing ETFs Were Bitcoin-driven

    | 2018/01/07 5:00 pm
  • Big investment firms across the US are waking up to the power of the crypto market following Bitcoin’s epic ascent in 2017. Traditional investors are looking for a way to get into crypto without the technical hurdles of using exchanges, and finance companies are coming up with new ways to entice them. A Reuters report today revealed a new idea to build “leveraged” and “inverse” funds that would rise or fall twice as fast as

    Bitcoin Price Doubling Funds on the Way

    | 2018/01/06 7:30 am
  • The state of Texas has filed an Emergency Cease and Desist Order against BitConnect, stopping their various investment programs. A common saying often heard in the US is “don’t mess with Texas.” Well, it seems that BitConnect is finding this out the hard way. The England-based crypto company is the subject of an Emergency Cease and Desist Order from the Texas State Securities Board. Mess With the Bull, You Get the Horns It appears that

    Texas Sends Cease and Desist Order to BitConnect

    | 2018/01/05 12:45 pm
  • Bitcoin’s wild ride to the top last year and altcoins following it has put cryptocurrency firmly into the mainstream with major exchanges now offering futures contracts. In addition to over 100 crypto focused funds already operating a Connecticut based digital currency hedge fund launched in August has raised $140 million. According to Bloomberg, BlockTower has also hired a former vice president at Goldman Sachs Group, expanding its team to eight people. The capital has been raised

    Cryptocurrency Hedge Fund BlockTower Raises $140 Million, Hires Ex Goldman Sachs VP

    | 2018/01/05 2:30 am
  • The list of experts and talking heads eager to belly up to the bar and spout forth on why Bitcoin is a bubble and we’re all fools for believing in it is, as Goose would say, long, but distinguished. The latest expert to lend his voice to the bubble echo chamber is Columbia University professor Jeffrey D. Sachs. Sachs, who is also a published author and director of the Center for Sustainable Development at Columbia

    Poking Holes in the Latest ‘Bitcoin is a Bubble’ Argument

    | 2018/01/03 8:30 pm
  • Here’s a look at Nomura’s suggestion that bitcoin is translating to a wealth effect in Japan. During the first half of 2017 and, indeed, throughout the majority of the preceding two years, the majority of volume in the bitcoin space was rooted in China. The Asian superpower dominated mining, played host to the largest and most trusted exchanges and individual speculation, both from a short-term trading and a long-term holding perspective, was rife. Then, in

    Nomura Analysts Think Bitcoin Is Making Japanese People Spend More

    | 2018/01/03 6:30 pm
  • Facebook early investor and PayPal co-founder Peter Thiel bought millions of dollars’ worth of Bitcoin through his VC firm, Founders Fund, and that number is cited to be worth hundreds of millions today. Venture Capitalists Jumping on the Bitcoin Bandwagon Peter Thiel runs the Founders Fund, a venture capitalist firm. Reports are showing that the firm purchased somewhere between $15 and 20 million dollars’ worth of the Bitcoin throughout 2017, and thanks to the massive price

    Facebook Investor and PayPal Co-founder Peter Thiel Bets Big on Bitcoin – and Wins

    | 2018/01/02 8:30 pm
  • If financial statistics are anything to go by, perhaps there should be a pot of bitcoins at the end of every rainbow as the cryptocurrency has outperformed gold for a second year running. According to Forbes, the Bitcoin Investment Trust gained 1407.42%, while SPDR Gold Shares only increased by 11.93%. Yes, you read that right. However, both gold and Bitcoin grew more than the S&P 500 and 20-year US Treasury bonds. This is the second

    Bitcoin as Good as Gold. Well, Actually Better

    | 2018/01/02 12:00 am
  • The violent sell-off of cryptocurrencies seen recently had been expected long ago.  Everybody was talking about growing bubble, everybody was trying to predict the dates and levels, but as usual, it has come up unexpectedly. Or not? Below I will name the key drivers that triggered the move and the possible scenario for most cryptocurrencies under the leadership of Bitcoin. The current Bitcoin slump is the function of mass profit taking. During the recent months,

    [Op-Ed] Bitcoin: Denial Stage Will Bring Us To Bull Trap

    | 2017/12/29 10:00 am